Bottom Right Default
State Name: New Jersey
State Name underscore: New_Jersey
State Name dash: New-Jersey
State Name lower underscore: new_jersey
State Name lower dash: new-jersey
State Name lower: new jersey
State Abbreviation: NJ
State Abbreviation Lower: nj

Suggest a Story

Paste the URL of the story below to submit for editorial review and possible inclusion in ATW.

Karen M. Morgan In advance of today&#8217;s effective date for most of the rules, the CFPB has been releasing additional resources for mortgage consumers. As described in the CFPB&#8217;s January 7 press release, the most recent &#8220;resources&#8221; include sample letters for consumers to send their servicers, tip sheets, fact sheets, lists of questions and answers, and a tool... More &#62;

With More Than 33 Percent Of Lucas County Mortgages Underwater, Brown Urges Reinstatement Of Provision That Helps Struggling Homeowners Avoid Tax Increase Starting This Year&lt;br/&gt;http://www.brown.senate.gov/newsroom/press/release/with-more-than-33-percent-of-lucas-county-mortgages-underwater-brown-urges-reinstatement-of-provision-that-helps-struggling-homeowners-avoid-tax-increase-starting-this-year

INDIANAPOLIS (Reuters) - Persistently weak inflation in the United States is the "wildcard" for the Federal Reserve this year, a top Fed official said on Friday even as he forecast a rise in consumer prices.

NAR has been working with federal regulators since Congress in 2010 passed massive banking reform legislation, part of which created the qualified mortgage and qualified residential mortgage rules. Today is an important day in the timeline of those rules, because today is the day the qualified mortgage (QM) rule takes effect, and NAR has told [...]

Today, join us for "Protecting homeowners: New tools for empowering consumers and advocates," in Phoenix at 11 a.m. MST (1 p.m. EST) This event is a training for housing counselors, legal aid attorneys, and other advocates on the new mortgage servicing rules that take effect today.

These Mortgage Origination Examination Procedures (Procedures) consist of modules covering the various elements of the mortgage origination process; each module identifies specific matters for review. Examiners will use the Procedures in examinations of mortgage brokers and mortgage lenders. Before using the Procedures, examiners should complete a risk assessment and examination scope memorandum in accordance with general CFPB procedures. Depending on the scope, and in conjunction with the compliance management system review, including consumer complaint review, each examination will cover one or more of the following modules.

Gross Says Fed on Course to End QE Even With Slowing Job Growth Bloomberg Pacific Investment Management Co.&#39;s Bill Gross, manager of the world&#39;s biggest bond fund, said the Federal Reserve is on course to end its bond buying this year even with job growth at the slowest pace since January 2011. "I do believe that by the end of&nbsp; ...

WASHINGTON (Reuters) - President Barack Obama on Friday named experienced central banker and internationally respected economist Stanley Fischer to serve as the vice chairman of the Federal Reserve, the White House said.

Friday's disappointing and slightly perplexing jobs report is likely to curb the Fed's recent enthusiasm about the U.S. economic recovery, but it seems unlikely to convince officials to alter the course Fed Chairman Bernanke laid out for the central bank in December.

Understanding the Anemic Jobs Recovery Bloomberg According to the latest jobs report, released this morning, the unemployment rate plunged to 6.7 percent, from 7.0 percent in November, but the number of Americans with a job increased by only 74,000. Here&#39;s a deeper look at other jobs data: Unemployment&nbsp; ...

The D.C. metro area housing market made solid gains in 2013, according to a report released Friday. Data provided by RealEstate Business Intelligence, a subsidiary of Rockville-based multiple listing service MRIS, showed that the median sales price, the number of homes sold and the number of homes for sale were all up compared to a year ago and that the slowdown in the housing market as a result of the federal government's partial shutdown in October was just a speed bump on the road to recovery. Read full article &#62;&#62; &nbsp; &nbsp; &nbsp; &nbsp;

RALEIGH, North Carolina (Reuters) - The U.S. Federal Reserve will likely consider further reductions in the pace of bond purchases at coming meetings given the improvement in the labor market conditions, a top Fed official said on Friday.

WASHINGTON (Reuters) - U.S. employers hired the fewest workers in almost three years in December, but the setback was likely to be temporary amid signs that cold weather conditions might have had an impact.

Six years after the housing meltdown exposed fissures in the system, new mortgage rules that will take effect Friday stand to remodel the market. Housing groups worry that changes meant to shield Americans from abusive lending practices that contributed to the financial crisis will make it harder for many to buy homes. But experts say the rules will create sustainable homeownership by ensuring that borrowers can afford to repay their home loans. Read full article &#62;&#62; &nbsp; &nbsp; &nbsp; &nbsp;

Warren Says She Expects Yellen Will Boost Fed&#39;s Bank Oversight Bloomberg "Yellen is making commitments in the direction of saying she understands the problem, she sees the problem, she knows what the tools are. I&#39;m hopeful that means she&#39;s going to act," Warren, a Massachusetts Democrat, said of the Fed&#39;s regulatory duties in&nbsp; ...

Founded in 2004, Mortgage News Daily has established itself as a leader in housing news, analysis and data. Our innovative social media platform combines industry leading content and data with an active community of industry professionals, to accomplish our primary goal - keeping our readers informed.